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Ride-hailing major Ola’s parent company ANI Technologies saw its standalone loss narrow to ₹1,082 crore in the fiscal ended March 31, 2023.
The firm had incurred a loss of ₹3,082 crore in FY22 on a standalone basis, according to partial data shared on the company’s web site. Sales for FY23 grew to ₹1,988 crore (₹1,220 crore).
Its competitor Uber India reported a loss of ₹311 crore in FY23 (₹197 crore). The firm’s operating revenue, however, grew 54 per cent to ₹2,666 crore in FY23.
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